In late May we looked at XLV and decided to play for a possible breakout with defined risk. Here was the initial trade: *XLV ($71) Buy the July 71 call for $1.25 Break-even on July …
Continue readingUpdate: Closing $XLV July Call for Small Gain
Trade Updates
Update: Closing $VZ July/Aug Put Calendar for a Loss
On June 22nd we detailed a way to fade what I thought was too much too soon for shares of Verizon (VZ) as global bond yields continued to tumble causing an insatiable bid for defensive …
Continue readingUpdate: Closing $PG Aug Put Spread for Loss
Back on June 17th I made a bearish near term case for shares of Proctor & Gamble (PG), highlighting stretched valuation, unusually high investor sentiment despite dollar headwinds and impediments to growth in key overseas …
Continue readingTrade Update – $XLF Rolling Down Sept Puts
Back in early April I laid out my bearish view on U.S. banks stocks (XLF – Bank Shot), It was largely based on comparison to the price action of their European peers, and the reasons …
Continue readingUpdate – Technical $KO
Coca Cola (KO) gapped lower following its Q1 results reported April 20th. Following that 8% 2 day move lower the stock found its footing and has since been bouncing in a range between 44 and …
Continue readingTransportation Safety – $IYT
Shares of Federal Express (FDX) are down 4.3% today following quarterly results and guidance that disappointed investors as the company failed to inform investors how their recent $4.8 billion acquisitive of TNT will impact earnings …
Continue readingUpdate $UA – Sent Back to the Chef
A little more than a month ago I detailed a bullish trade in shares of Under Armour (UA). The stock had just seen a sharp decline after its mid April earnings gap higher. Aside from …
Continue readingUpdate – $TLT: Closing Sept Call Spread
A little less than a month ago when the TLT. the iShares 20 year U.S. Treasury bond etf was trading $130, I expressed a bullish view on bonds, bearish view on yields in the etf …
Continue readingUpdate – Closing $XHB Put Spread for a Wash
In early April we looked at various components in the housing market and placed a defined risk bearish trade in the Homebuilder etf XHB. Since then the sector is down but has not experienced the …
Continue readingUpdate – Closing $MSFT Put Calendar
On more than one occasion over the last few days since Microsoft’s (MSFT) announcement that they are buying LinkedIn (LNKD) for $26 billion, Dan has offered some skeptical thoughts on the reasoning for such an acquisition (read here). …
Continue reading